COUNCIL S REPORT 



41 



one hundred dollars each, thus increasing the total Life Commutations 

 to one hundred and two (102), which, with four (4) Honorary Life 

 Members, makes a total of one hundred and six (106), of whom ninety- 

 five (95) are now living. 



One (1) Fellow is delinquent for four years, and nine (9) Fellows are 

 delinquent for two years, and are therefore liable to be dropped from the 

 roll for non-payment of dues, in accordance with section 3, chapter 1, of 

 the By-Laws; five (5) Fellows are delinquent for the present year, 

 making a total of fifteen (15) delinquents. 



The membership of the Society, including delinquents, aggregates at 

 the present time 320, of whom 95 have commuted for life. There have 

 been 5 deaths during the year, 1 resignation, and 1 dropped from the roll. 

 Eight Fellows were elected at the last meeting, all of whom qualified. 



With the advice of the Investment Committee, the Treasurer bought 

 during the year a one-thousand-dollar 5 per cent equipment bond of the 

 St. Louis and San Francisco Eailroad, at a cost of $1,012.36, and two 

 one-thousand-dollar 5 per cent Fairmount and Clarksburg Traction 

 bonds, at a cost of $2,018.61, including accrued interest in both cases. 

 A St. Louis and San Francisco Eailroad equipment 4i/^ per cent bond 

 purchased earlier was redeemed. 



EECEIPTS 



Balance in the treasury December 1, 1910 $1,635.89 



Fellowship fees, 1907 (1) $10.00 



1909 (2) 20.00 



1910 (8) 80.00 



1911 (209) 2,090.00 



1912 (3) 30.00 



2,230.00 



Initiation fees (8) 80.00 



Life commutations (3) 300.00 



Interest on investments : 



Iowa Apartment House Company $50 . 00 



Ontario Apartment House Company 



Texas and Pacific Railroad bonds 100.00 



U. S. Steel Corporation bonds 150.00 



St. Louis, Iron Mountain and Southern 



Railroad bond 50 . 00 



St. Louis and San Francisco Railroad 



Equipment bond 45.00 



St. Louis and San Francisco Railroad 



Equipment bond 50.00 



Interest on deposits in Baltimore Trust 



Company 62. 53 



507.53 



